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Originally Posted by Mutt
and what are these tax consequences that a US corp has that an EU corp would not have? don't be vague please.
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Can't say for US corps, but got a massive bad feeling the IRS may not stand for scenarios like.... (tho all this shit is dependent on your personal circumstances!)
Example... you have a Gib corp. You are non resident in Gib and have a non-resident corp there. You are also non resident in your home country. You want to kill profit elements in the Gib corp, so you send it (paper shuffling from one side of the desk to the other) an invoice for management fees from your Panama corp. The Panama corp pays no taxes (normal) and this reduces or eliminates profits on your Gib corp.
I'd suspect the IRS would be crawling up your ass wanting "any" dime they could muster.